The industry is concerned the CFPB rule has the potential to put servicers smack-dab in the middle of some nasty family disputes…

American Advisors Group continued to dominate the HECM market, funding $691.0 million of reverse mortgages…

Last month, Federal Housing Finance Agency Director Mel Watt said he’s prepared to allow Fannie and Freddie to build some type of capital buffer to avoid a Treasury draw…

Homebuilders can also help source non-QM borrowers.

Looks like Fannie Mae's general counsel is headed to the U.S. Treasury...

HUD secretary Ben Carson could implement changes through mortgagee letters to shrink FHA’s role…

The broker price opinions on the Fannie Mae NPL pools ranged from 81.03 percent to 88.02 percent…

PRMG Mortgage of California is looking to grow its wholesale and correspondent channels and is presently searching for new account executives and support staff…

The eligibility of surviving spouses of deceased veterans is something that surfaces every once a while in discussions about VA lending. According to Maxine Henry, program analyst with the VA Home Loan Guaranty Service in Washington, DC, the term “veteran” includes the surviving spouse of any veteran who died in active military service or from a service-connected disability. However, in July 2012, Congress passed H.R. 1627, Honoring America’s Veterans and Caring for Camp Lejeune Families Act, expanding the category of spouses who would be eligible for VA home loan benefits. President Obama signed the bill into law in August of that year. Prior to the bill’s enactment, only surviving spouses of veterans who died in service or of service-connected causes were considered for a VA mortgage. The statute extended VA home loan benefits to others, including widows who have not remarried and ...

A military veteran’s disability pension, a key underwriting factor for a VA loan, either can be service-connected or non-service-connected. A non-service-connected pension is for vets whose disability is unrelated to his time in the military. “It is permanent and total in nature and may not have been caused by their service to the military,” said Mark Jamison, loan production officer (LPO) with the VA’s Cleveland Regional Loan Center. A service-connected pension is for vets whose disability was a result of their military service, Jamison noted. If a vet is eligible for both a service-connected disability from VA and a non-service connected pension, he or she gets only the greater of the two amounts. Those eligible for a non-service connected pension include vets who were discharged from service for reasons other than dishonorable, and who served at least 90 days of active military service, one day of ...